Propelled by the perceived success of the Digital India and Skill India initiatives, the Narendra Modi government had announced its ambitious Startup India programme in January last year. It was tweaked to extend the three-year tax exemption for startups to the first seven years from five years previously. According to Viswanathan, an average of 1,200 to 1,400 technology startups is jumping into the fray every year. "There is a definite impetus given to entrepreneurship today and I see that reflected in the number of applications we get for the Nasscom 10k Startup programme," he says. Whether that can be attributed to the government's Startup India programme is debatable, but there is a definite push to keep this momentum going," he signs off.

Source: Economic Times March 08, 2017 04:31 UTC